After coming full circle with all my analysis including the last Bitcoin contrarian view, I am glad to say that a bottom is in sight for XLM.
Everything is now pointing to a move up across the board.
If the charts don't confirm it, then I simply cannot change my view until there is sufficient evidence.
We are not there yet but if we are to see this last zig zag unfold and then the waves somehow retrace that zig-zag then it is a sign of a reversal.
Since calling the top in XLM at 43 cents in November 2021 it has fallen 83% which would have saved you a fair amount of pain.
Over this time my improved analysis abilities have led me to discover a potential bottom.
Another thing I have noticed is that way too many people are expecting a 2023 recession which is also indicative of a bottom.
As we know, the majority of people tend to buy high and sell low, obviously we do not want to be part of the herd.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Everything is now pointing to a move up across the board.
If the charts don't confirm it, then I simply cannot change my view until there is sufficient evidence.
We are not there yet but if we are to see this last zig zag unfold and then the waves somehow retrace that zig-zag then it is a sign of a reversal.
Since calling the top in XLM at 43 cents in November 2021 it has fallen 83% which would have saved you a fair amount of pain.
Over this time my improved analysis abilities have led me to discover a potential bottom.
Another thing I have noticed is that way too many people are expecting a 2023 recession which is also indicative of a bottom.
As we know, the majority of people tend to buy high and sell low, obviously we do not want to be part of the herd.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
